Commercial Land with Existing
For Sale
$850,000
3265 W Highway 199, Springtown, TX 76082
CommercialSale, Springtown, TX
Property Size2,093 SF
Lot Size4.98 Acres
Price / SF$406.12
Days on Market53
Property Features for 3265 W Highway 199
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial/Industrial
Parking features
RV
Subdivision
Wm Cutbirth Surv Patent #124 V
Lot features
Acreage, Interior Lot
Directions
From the intersection of Hwy 51 and Hwy 199 in Springtown, head west on Hwy 199. Continue for approximately 3 miles. The property at 3265 W Hwy 199 will be on the left-hand side, with direct frontage along Hwy 199.
Standard status
Active
APN
R000038476
Lot size
4.98 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1970
Floors in Building
2
Number of units
1
Roof type
Mixed
Listing Agency:
HH Realty
(469) 321-3468
Listed By:
Angie Gragg · License #0521748
(469) 321-3468
Added: Jul 9
Changed: Aug 22
Last Checked: Aug 30 at 2:06PM
MLS# 21063320
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4.98-acre commercial tract at 3265 W Highway 199 includes a 2,093-square-foot house built in 1970. The level property is zoned commercial and includes central heating, central air, ceiling fans, RV parking, a septic tank, and a mixed roof. The existing structure may support office or operational use while the broader tract is evaluated for commercial plans.
The property fronts W Highway 199 in Springtown, Texas, within Parker County. Its substantial land area provides room for site planning, parking, signage, and additional improvements, subject to applicable approvals. The address is in ZIP Code 76082.
The property fronts W Highway 199 in Springtown, Texas, within Parker County. Its substantial land area provides room for site planning, parking, signage, and additional improvements, subject to applicable approvals. The address is in ZIP Code 76082.
Key Highlights
- 4.98‑acre commercial tract in Springtown, TX
- Zoned commercial with frontage on W Highway 199
- 2,093‑square‑foot house built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,860
$530.9K
Cap Rate 7%
$379,186
$379.2K
Cap Rate 9%
$294,922
$294.9K
Market Conditions
NOI Build-Up for 2,093 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.0K $21.96/SF
− Vacancy
−$10.6K −$5.05/SF
EGI
$35.4K $16.91/SF
− OpEx
−$8.8K −$4.23/SF
NOI
$26.5K $12.68/SF
Area
Parker County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,860
Cap Rate 7%
$379,186
Cap Rate 9%
$294,922
Alternative Uses
Best Use
Office B
$379.2K
$331.8K – $442.4K
NOI $26,543 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.08M
$1.82M – $2.43M
NOI $145,581 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial tract along Hwy 199 with an existing building, central systems, and septic service.
Where is this commercial land located?
The property is located at 3265 W Highway 199 Springtown, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4.98‑acre commercial tract in Springtown, TX; Zoned commercial with frontage on W Highway 199; 2,093‑square‑foot house built in 1970
